Private Asset Management Inc. cut its position in Autodesk, Inc. (NASDAQ:ADSK – Free Report) by 22.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,521 shares of the software company’s stock after selling 5,038 shares during the period. Private Asset Management Inc.’s holdings in Autodesk were worth $3,585,000 as of its most recent SEC filing.
Several other large investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in Autodesk during the 4th quarter worth about $426,374,000. Price T Rowe Associates Inc. MD increased its holdings in shares of Autodesk by 480.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,785,264 shares of the software company’s stock valued at $371,621,000 after purchasing an additional 1,477,770 shares in the last quarter. Bank of America Corp DE raised its position in Autodesk by 18.2% in the 1st quarter. Bank of America Corp DE now owns 3,967,076 shares of the software company’s stock worth $825,786,000 after purchasing an additional 610,230 shares during the last quarter. FIL Ltd lifted its holdings in Autodesk by 47.7% during the 1st quarter. FIL Ltd now owns 1,677,282 shares of the software company’s stock worth $349,143,000 after buying an additional 541,567 shares in the last quarter. Finally, DSM Capital Partners LLC increased its stake in shares of Autodesk by 61.3% in the 1st quarter. DSM Capital Partners LLC now owns 1,133,627 shares of the software company’s stock valued at $235,976,000 after buying an additional 430,933 shares during the period. 87.92% of the stock is owned by institutional investors.
Autodesk Stock Down 0.0 %
Shares of NASDAQ:ADSK traded down $0.01 during mid-day trading on Thursday, reaching $212.25. 84,220 shares of the stock were exchanged, compared to its average volume of 1,419,537. Autodesk, Inc. has a one year low of $179.61 and a one year high of $233.69. The company has a quick ratio of 0.72, a current ratio of 0.73 and a debt-to-equity ratio of 1.89. The stock’s 50 day simple moving average is $210.92 and its 200-day simple moving average is $204.08. The company has a market cap of $45.37 billion, a P/E ratio of 52.54, a P/E/G ratio of 2.99 and a beta of 1.49.
Insider Activity at Autodesk
In related news, CEO Andrew Anagnost sold 22,318 shares of the stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $221.90, for a total transaction of $4,952,364.20. Following the completion of the transaction, the chief executive officer now directly owns 99,327 shares of the company’s stock, valued at $22,040,661.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, EVP Rebecca Pearce sold 115 shares of the company’s stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $220.00, for a total value of $25,300.00. Following the sale, the executive vice president now directly owns 22,857 shares of the company’s stock, valued at approximately $5,028,540. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Andrew Anagnost sold 22,318 shares of Autodesk stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $221.90, for a total value of $4,952,364.20. Following the transaction, the chief executive officer now owns 99,327 shares of the company’s stock, valued at approximately $22,040,661.30. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 27,707 shares of company stock valued at $6,139,461. 0.14% of the stock is owned by insiders.
Analyst Upgrades and Downgrades
Several equities analysts recently issued reports on the company. Barclays raised their price target on Autodesk from $225.00 to $233.00 and gave the company an “overweight” rating in a report on Thursday, August 24th. BMO Capital Markets boosted their price target on shares of Autodesk from $224.00 to $232.00 and gave the stock a “market perform” rating in a research note on Thursday, August 24th. TheStreet cut shares of Autodesk from a “b-” rating to a “c+” rating in a research note on Tuesday, August 15th. Piper Sandler reiterated an “overweight” rating and set a $240.00 target price on shares of Autodesk in a research report on Thursday, August 24th. Finally, StockNews.com lowered Autodesk from a “strong-buy” rating to a “buy” rating in a research report on Monday. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $236.28.
Autodesk Company Profile
Autodesk, Inc provides 3D design, engineering, and entertainment technology solutions worldwide. The company offers AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects; BuildingConnected, a SaaS preconstruction solution; AutoCAD, a software for professional design, drafting, detailing, and visualization; AutoCAD LT, a drafting and detailing software; computer-aided manufacturing (CAM) software for computer numeric control machining, inspection, and modelling for manufacturing; Fusion 360, a 3D CAD, CAM, and computer-aided engineering tool; and Industry Collections tools for professionals in architecture, engineering and construction, product design and manufacturing, and media and entertainment collection industries.
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